EU can learn from Spanish gas price limit, EU energy chief says
The European Union can learn from Spain and Portugal’s mechanism to cap the price of gas used in power generation, although the scheme is not suitable to immediately roll out across Europe, the EU’s...
View ArticleFuel and electricity costs to rise as relief measures expire (Updated)
Fuel and electricity prices are set to rise as of July 1 following expiration of the relief measures for consumers introduced last year. According to Finance Ministry permanent secretary, George...
View ArticleDiscontent over abolition of relief measures rising
The abolition of the tax freeze on fuels and electricity sends the message that the government is out of touch with society, Peo union claimed on Wednesday. “The decision shows indifference to the...
View Article160 litres of untaxed petrol confiscated
Police have confiscated 160 litres of petrol, as well as 107 boxes of cigarettes and 12 boxes of tobacco, from a vehicle on the road between the villages of Kato Moni and Menoiko. The driver, a...
View ArticleStricter controls for those trading in fuel from the north (Updated)
The government is due to announce stricter controls at crossings to clamp down on abuses related to the purchase of fuel from the north, Energy Minister George Papanastasiou said on Monday. The...
View ArticleOur View: Change of economic tune is necessary
It was encouraging to hear Finance Minister Makis Keravnos defending the government’s decision to end the subsidy of all electricity bills and the reduction of the consumer tax on fuel. It showed there...
View ArticleUnion demands reduction in fuel tax
Trade union Isotita has called on Finance Minister Makis Keravnos to reduce taxation on fuel, in a strongly worded open letter sent on Thursday. They said fuel is a “major expense” for households as it...
View ArticleFuel tanker drivers go on strike
Tanker drivers refueling from the facilities of the Hellenic Petroleum company in Vasiliko went on a spontaneous two-hour work stoppage on Tuesday morning. Employees of Cypoil Trading Ltd, Go Now,...
View ArticleElectricity and fuel subsidies extended into spring (Updated)
Government subsidies on electricity and fuel tax will be extended into the spring, President Nikos Christodoulides said on Wednesday. The extensions to the subsidies were announced among a raft of...
View ArticleArrest for illegal transport of fuel
A 41-year-old man was arrested Thursday night for transporting fuel in an unlicensed vehicle, police said on Friday. The suspect was stopped for a police check at around 11:30pm on a street in...
View ArticleIncreasing evidence of fuel price distortions
Fuel prices across Cyprus appear to be distorted in 2023 – 2024, with significant price differences across cities, the Cyprus consumers association said on Wednesday. Nicosia in particular appears to...
View ArticleFuel from the north: customs office confusing the public
The customs office has failed to be transparent over rules affecting the public on transporting fuel from the north, ombudswoman Maria-Stylianou Lottides said on Tuesday. In a report, she specified she...
View ArticleEAC has ‘shirked responsibility’ to pass costs on to consumer
The energy regulator said on Tuesday it will review data purporting to show how the Electricity Authority of Cyprus (EAC) could “trim the fat” and cut costs by up to 15 per cent, translating into lower...
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